Red Violet (NASDAQ:RDVT) Trading Down 5.3% on Insider Selling

Red Violet, Inc. (NASDAQ:RDVT) fell 5.3% on Tuesday after an insider sold shares in the company. The company traded as low as $36.61 and last traded at $36.72. 49,557 shares changed hands during trading, an increase of 0% from the average session volume of 49,390 shares. The stock had previously closed at $38.78.

Specifically, President James Patrick Reilly sold 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $37.25, for a total transaction of $372,500.00. Following the sale, the president now owns 272,124 shares of the company’s stock, valued at approximately $10,136,619. The trade was a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Red Violet Price Performance

The company has a market cap of $510.09 million, a price-to-earnings ratio of 107.72 and a beta of 1.46. The business’s fifty day moving average price is $30.41 and its 200 day moving average price is $26.76.

Institutional Investors Weigh In On Red Violet

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ancora Advisors LLC bought a new stake in Red Violet in the 1st quarter worth about $899,000. Marshall Wace LLP boosted its stake in Red Violet by 323.4% in the second quarter. Marshall Wace LLP now owns 56,561 shares of the company’s stock valued at $1,437,000 after acquiring an additional 43,203 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Red Violet by 158.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 56,050 shares of the company’s stock valued at $1,595,000 after buying an additional 34,348 shares in the last quarter. Legato Capital Management LLC purchased a new stake in shares of Red Violet during the 2nd quarter valued at approximately $595,000. Finally, Walleye Capital LLC purchased a new stake in shares of Red Violet during the 3rd quarter valued at approximately $532,000. 63.56% of the stock is owned by institutional investors.

About Red Violet

Red Violet, Inc, a software and services company, specializes in proprietary technologies and applying analytical capabilities to deliver identity intelligence in the United States. It offers idiCORE, an investigative solution used to address various organizational challenges, which include due diligence, risk mitigation, identity authentication, fraud detection and prevention, customer acquisition, and regulatory compliance; and FOREWARN, an app-based solution that provides instant knowledge before face-to-face engagement with a consumer, as well as helps professionals to identify and mitigate risk.